Marks Group Wealth Management Inc Has $2.27 Million Stock Holdings in U.S. Bancorp (NYSE:USB)

Marks Group Wealth Management Inc decreased its holdings in shares of U.S. Bancorp (NYSE:USB) by 10.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 52,324 shares of the financial services provider’s stock after selling 5,803 shares during the period. Marks Group Wealth Management Inc’s holdings in U.S. Bancorp were worth $2,265,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of USB. CGC Financial Services LLC acquired a new position in U.S. Bancorp during the fourth quarter valued at approximately $25,000. BKM Wealth Management LLC acquired a new stake in shares of U.S. Bancorp in the fourth quarter valued at approximately $26,000. Planned Solutions Inc. bought a new position in shares of U.S. Bancorp during the 4th quarter worth approximately $27,000. Legacy Financial Group LLC acquired a new position in shares of U.S. Bancorp during the 3rd quarter worth approximately $30,000. Finally, Naples Money Management LLC acquired a new position in shares of U.S. Bancorp during the 4th quarter worth approximately $30,000. Institutional investors own 77.60% of the company’s stock.

Insider Buying and Selling at U.S. Bancorp

In other news, insider Terrance R. Dolan sold 26,583 shares of the stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $43.37, for a total value of $1,152,904.71. Following the completion of the transaction, the insider now owns 144,236 shares of the company’s stock, valued at $6,255,515.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Terrance R. Dolan sold 26,583 shares of the company’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $43.37, for a total transaction of $1,152,904.71. Following the completion of the transaction, the insider now directly owns 144,236 shares in the company, valued at $6,255,515.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP James L. Chosy sold 21,582 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $41.47, for a total value of $895,005.54. Following the completion of the transaction, the executive vice president now owns 164,880 shares of the company’s stock, valued at $6,837,573.60. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.

U.S. Bancorp Price Performance

NYSE:USB traded up $0.12 during trading hours on Tuesday, reaching $41.17. 4,029,406 shares of the company were exchanged, compared to its average volume of 8,772,374. The company has a market capitalization of $64.15 billion, a P/E ratio of 13.59, a P/E/G ratio of 2.10 and a beta of 1.05. U.S. Bancorp has a 1-year low of $27.27 and a 1-year high of $45.85. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.82 and a quick ratio of 0.81. The business has a 50 day moving average of $42.32 and a 200 day moving average of $39.96.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $0.90 EPS for the quarter, beating the consensus estimate of $0.89 by $0.01. The business had revenue of $6.72 billion during the quarter, compared to the consensus estimate of $6.71 billion. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. The company’s revenue was down 6.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.16 earnings per share. Research analysts forecast that U.S. Bancorp will post 3.86 EPS for the current year.

U.S. Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 4.76%. The ex-dividend date of this dividend was Wednesday, March 27th. U.S. Bancorp’s dividend payout ratio (DPR) is presently 64.90%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Jefferies Financial Group lifted their price objective on shares of U.S. Bancorp from $44.00 to $46.00 and gave the stock a “hold” rating in a research report on Monday, April 8th. Royal Bank of Canada lifted their target price on shares of U.S. Bancorp from $43.00 to $47.00 and gave the stock an “outperform” rating in a report on Thursday, January 18th. UBS Group reduced their price objective on U.S. Bancorp from $47.00 to $43.00 and set a “neutral” rating for the company in a report on Friday. TheStreet upgraded U.S. Bancorp from a “c+” rating to a “b-” rating in a research note on Tuesday, December 26th. Finally, Oppenheimer reduced their price target on U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating for the company in a research note on Thursday, April 18th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, U.S. Bancorp has an average rating of “Hold” and a consensus price target of $46.14.

U.S. Bancorp Profile

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. It operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.